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Conference Paper
Losing our marbles in the new century?: the great rebalancing in historical perspective
We focus on the two eras of globalization: then (the period 1870 to 1913) and now (the period since the 1970s). We look at the special position in the global macroeconomy of the hegemons in each era: Britain then, and the United States now. And adducing historical data to match what we know from the contemporary record, we proceed in the tradition of New Comparative Economic History to see what lessons the past might have for the present.